VIAC trading over VPOC

25 May 2021

I have been accumulating shares of VIAC around $38, $39 and $40. It is currently trading above POC on the Daily, 4hr, 1hr etc. It still has some work to do before we could see a huge upside push. One price gets over $48, it could move upwards easily. You can see there has been a lot of accumulation in this $37 - $41 range. Long on VIAC. The fundamentals of the company have not changed since it was trading around $100. Overextend, yes it was, but the block liquidation that took place was because of large, overleveraged positions, not because it is crap company. As always, just my thoughts. Trade your way and protect your capital.